New fund offer (NFO) will close on 3 February 2012.
Mumbai: Indiabulls Mutual Fund has launched Indiabulls Bluechip Fund. The scheme will be jointly managed by Aviral Gupta, Amarjeet Singh and Sumit Bhatnagar. According to the AMC, this fund would provide investors an opportunity to invest in a core portfolio of carefully chosen best-of-class businesses with exceptional operations. The scheme is expected to benefit from the ongoing evolution of the Indian economy.
Investment Objective: To generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of blue-chip large-cap companies.
Investment Strategy: The AMC says the scheme will predominantly invest in bluechip large-cap stocks and/or in exchange traded derivatives on the S&P CNX Nifty or such bluechip stocks. 0-35% of the net assets will be invested in securities other than bluechip large caps and a very small portion of the fund will be kept liquid. According to the offer document, the fund manager would follow a top down approach to identify themes which have the potential to outperform. The final stock selection would be done through bottom up process, wherein stocks from the shortlisted themes would be picked based on valuations and business model.
Benchmark Index: S&P CNX Nifty
Type of scheme: Open – ended
Options: Growth & Dividend (Re-invest & Pay-out)
Minimum Application Amount: Rs. 5,000 and Rs. 1,000 for SIP
Minimum Redemption Amount: 100 units or Rs.1,000 and in multiples of Rs. 1 thereafter
Exit Load: 1% if redeemed/switched out within first year, NIL if redeemed/switched out after 1 year
